Big Tech
Apple Reaches Pact With Indonesia to End iPhone Sales Ban
- Investment agreement is set to end a five-month dispute
- Apple poised to receive permit to sell its latest smartphone
Apple iPhone 16 smartphones.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Apple Inc. has signed an agreement with Indonesia to invest in the country, paving the way for sales of the iPhone 16 to resume in Southeast Asia’s largest nation.
The agreement was announced by Minister for Industry Agus Gumiwang Kartasasmita in a media briefing in Jakarta on Wednesday, as reported by Bloomberg Technoz. The ministry will begin a process to issue Apple with a permit allowing it to sell its latest smartphone, news outlet Kompas reported. Bloomberg News reported earlier the parties were poised to reach a deal.